China and Other Emerging Markets To Drive the Global Acetic Acid Market

August 2502:472015

Acetic Acid Market Report

Acetic acid is an important industrial chemical that finds applications in the manufacturing of a number of chemical compounds, insecticides, cosmetics, dyes, plastics, pharmaceuticals, antibiotics, etc. Driven by a strong demand from China and other emerging markets, the global volume demand of acetic acid is expected to exhibit continuous growth during the next five years.

Acetic acid, also known as acetyl hydroxide, glacial acetic acid and ethanoic acid, is a free-flowing liquid with a pungent, vinegar like odour. It is an important chemical reagent and an industrial chemical with its global demand growing at around 3-4% annually. Developed by BASF and improved by Monsanto in the 1960s, carbonylation of methanol catalyzed by rhodium currently represents the most popular technology for its industrial production.

Acetic acid finds applications in the manufacturing of a number of chemical compounds, insecticides, cosmetics, dyes, plastics, pharmaceuticals, antibiotics, etc. Acetic acid also provides the necessary acidity in the number of processes carried out in an aqueous media. Dilute acetic acid is used either or both as a preservative and flavoring agent in food stuffs such as condiments, jellies, confectionery and pickled vegetables. It is also used as a coagulant for rubber latex in the manufacturing of elastic threads, as a solvent for gums, resins and volatile oils and in textile printing. The largest application of acetic acid is- vinyl acetate monomer (VAM) which accounts for more than one-third of its total global consumption. VAM’s major end uses are in emulsion paints, adhesives and coatings. Among the various applications of acetic acid, ethanol production currently represents the fastest and one of the most potential application sectors. Regionally, China currently represents the largest producer and consumer of acetic acid and along with other emerging markets is expected to represent the main growth engine in the coming years.

The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the acetic acid industry in any manner.

Key Questions Answered in this Report:

What has been the historical and current volume trends in the acetic acid market?

What has been the historical and current value trends in the acetic acid market?

What has been the historical and current price trends in the acetic acid market?

Which are the key regions in the acetic acid market and what is their breakup?

Which are the key end-use industries for acetic acid and what is their breakup?

What is the outlook of the acetic acid market?

What are the key success factors in the acetic acid market?

What are the key risk factors in the acetic acid market?

Who are the key manufacturers in the acetic acid market?

How is acetic acid manufactured?

What are the chemical reactions involved during the manufacturing of acetic acid?

What are the raw material requirements during the manufacturing of acetic acid?

What is the mass balance and conversion rates of feedstocks during the manufacturing of acetic acid?

What is the supply demand of various feedstocks that are used in the manufacturing of acetic acid?

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